Remitano is a leading Cryptocurrency Exchange that supports Bitcoin, Ethereum, BitcoinCash and USD Tether. Let’s evaluate considered one of Africa’s and Asia’s fastest rising P2P Market
Since the inceptions of Remitano, this P2P exchange has managed to attract over hundreds of thousands of traders around the world and starting to dominate the peer to look market. This P2P Alternate affords an independent marketplace by connecting patrons and sellers fascinated by trading a variety of different Fiat Currencies. Customers should buy or promote Bitcoin directly to users who provide the favorred cost strategies resembling bank transfer, bank cash deposit, or third-party providers like Western Union. Remitano fees 1% fee to the taker and zero% to the maker, with the charge being included in the advertising price.
Remitano provides a service that amenities over-the-counter trading of native forex for Bitcoin, Ethereum, BitcoinCash and USD Tether. Common in countries Asia like Vietnam, Laos and Malaysia, the company Remitano has managed to ascertain independent Marketplace especially in regions where regulatory environment seems to be more anti-Crypto or when there are not any alternative marketplaces like existing Crypto Exchanges & Brokers.
Workforce and Backers
The company that runs Remitano is registered as a Seychelles-based mostly company underneath the name of Babylon Solutions Limited. To many, this is a sign that the corporate just isn't correctly regulated as Seychelles is a thousand miles from anywhere and famous as an offshore magnet for money launderers and tax dodgers. Nevertheless, since Remitano is a peer to see trade and Cryptocurrencies regulation are nonetheless in the grey area in most countries, this should not be a lot of a concern since the company has actively expanded its service all through the world within such a brief period of time, indicates that the team behind Remitano is serious about establishing a reputable Marketplace
The corporate, Babylon Solutions Limited was founded on 1 April 2015 by the present CEO Dung Huynh and Phuong Nguyen, who established Remitano in Vietnam with the intention of creating a protected market for digital currency traders through the combination of a reliable escrow system. The corporate was first to launch their product in Malaysia and grew it from there primarily based on the profitable reception of the test. With a workforce of 50 workers worldwide, Remitano continues to develop as a company and marketplace receiving optimistic feedback from the Cryptospace for such rapid growth
Userinterface & Trading Charges
As for Trading Fees, Remitano takes a special approach when compared to P2P marketplaces like Localbitcoins.com with the company claiming of charging a number of the lowest commission fees. It’s fully free to sign up with Remitano and solely those attention-grabbing in shopping for or promoting Bitcoin from available listing will be charged a 1% fee charge whereas those that make a listing or request for a trade won't be charged a fee.
Like the rest of P2P marketplaces, rates discovered on Remitano are sometimes above Markets rates since shopping for Cryptocurrencies from unknown third-party leads to higher premium costs to because of the high risk associated to directly coping with a private individual. When transferring Bitcoin in or out the Wallet, a regular network fee applies which varies over time and vary based on the current network congestion. As soon as a trade is confirmed, these buying have a 15 minute time interval to make full cost to sellers Bank account, this ends in quicker-completed offers
Users are free to trade in any foreign money and likewise get to decide on the choosered payment technique, this means that you will discover a person that's keen to accept a desirered Bank, Credit Card or third party services. Fees could apply, as there might still be hefty charges for utilizing third-party companies when depositing or withdrawing Fiat currencies however most interbank transfers are Free however options like Paypal & WesternUnion are identified to cost a high commission fee. Depending on which payment channel that is used, there may be additional costs that may be unaccounted, so the overall value of utilizing Remitano